Disposal

Tate & Lyle PLC
6 February 2002



Tate & Lyle disposes of ZSR Corporation Ltd of Zimbabwe and investment in
Sugarmark (Namibia) Pty Ltd

Tate & Lyle PLC announces the sale of Tate & Lyle Investments (Africa) Ltd
('TLIA') to a Botswana-registered holding company CBAQ (Pty) Limited ('CBAQ').
TLIA is a holding company that owns the Group's 50.1% interest in ZSR
Corporation Ltd ('ZSR'), a sugar refiner and industrial holding company based
in Zimbabwe, and its 33.3% interest in Sugarmark (Namibia) Pty Ltd
('Sugarmark'), a joint venture holding company with interests in sugar
marketing in Namibia. The total consideration of £3.25 million has been
received in cash and will be used to reduce Group debt.

CBAQ will be led by ZSR management and will include the ZSR Workers' Trust,
with financial support from ABC Holdings Limited.

For the financial year ending March 2001, ZSR had consolidated net assets of
£12.8 million (Group share £6.4 million) and profits of £8.4 million (Group
share £4.2million). The Group's investment in Sugarmark had a book value of
£0.1 million at March 2001 and contributed £0.3 million to Group profit before
tax for the financial year ending on that date. The pronounced depreciation of
the Zimbabwean dollar since March 2001 means that this transaction will give
rise to a profit on disposal of less than £1 million. 

Larry Pillard Chief Executive said, 'This sale is another step in the Group's
strategy of focusing activities on the major core businesses. Both ZSR and
Sugarmark are profitable and well run. However, we feel that ZSR in particular
will be better developed as a Zimbabwean enterprise and this transaction will
effectively transfer ownership to employees of ZSR. We thank all of the
employees for their contribution to Tate & Lyle and wish them every success
for the future.'


Enquiries:     Mark Robinson     020 7626 6525
               Chris Fox         020 7626 6525 (Press)



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